lecture 5 - Measuring Poverty&Affluence FMSC381...

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Measuring  FMSC 381 September 17, 2009
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Government Commission: Defining Poverty Work with a group of three or four to define a  “poverty threshold” Why would you choose this threshold? How would you measure it?
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Measuring Poverty Subjective poverty Do you consider yourself to be poor?
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Measuring Poverty Relative poverty Half of average income in US This is the way every other country in the world  finds poverty except us, take the median income  and divide it by half Its not a measure of poverty, it’s a measure of  power
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Measuring Poverty Absolute poverty Basic needs Based on food budget, and how food budget relates to a full  budget (food, housing, clothing) Orshansky economy food plan,1964 (1964-$4,000 a  year) Minimum adequate diet (x 3) to cover everything - food times 3  and that would give you your poverty line
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This note was uploaded on 11/29/2010 for the course FMSC 381 taught by Professor Staff during the Spring '09 term at Maryland.

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lecture 5 - Measuring Poverty&Affluence FMSC381...

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